- Billet prices in Tangshan edged up by RMB 10/t ($1/t) d-o-d to RMB 3,490/t ($485/t) on 7 Mar’24. Prices include 13% VAT.
- Supportive sentiments from raw material and finished steel market have kept billet prices supported. However, demand is yet to improve.
- SHFE rebar futures (May’24 delivery) decreased marginally d-o-d by RMB 4/t to RMB 3,708/t ($515/t).
